Birdwatch Note Rating
2024-08-19 06:00:46 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 6C28362CF678A08F000738AF835A05766C3E39C63C4B450EEEEE97A5923C922E
Participant Details
Original Note:
Elon is partially correct…but… The main driver of recent US inflation is the 40% increase in M2 money supply from the CoVID economic stimulus packages. Ongoing Government overspending is also a serious problem but not the main driver of current inflation. https://www.ftportfolios.com/Commentary/EconomicResearch/2021/11/15/inflation-returns
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